Kazakhstan's Tax Code Change: Millions Face Salary Cuts

Millions of Kazakhstanis face potential salary cuts due to a controversial change in the Tax Code. The new law, effective from January 1st, 2025, cancels several tax deductions, impacting healthcare, education, housing loans, and large families. "The problem isn't just the replacement of deductions, but the retroactive nature of the change," explains one expert. Employers now face the burden of recalculating salaries and filing amended reports. This situation has sparked public debate and concern over the financial implications for Kazakh citizens. The government's plan to introduce a single, increased standard deduction aims to offset the losses, but the uncertainty and administrative challenges remain.